{"id":30635,"date":"2019-03-18T21:13:15","date_gmt":"2019-03-18T20:13:15","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=30635"},"modified":"2019-03-18T21:13:15","modified_gmt":"2019-03-18T20:13:15","slug":"access-bank-plc-holds-signing-ceremony-for-n15-billion-green-bond-issuance","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/access-bank-plc-holds-signing-ceremony-for-n15-billion-green-bond-issuance\/","title":{"rendered":"Access Bank Plc Holds Signing Ceremony For N15 Billion Green Bond Issuance"},"content":{"rendered":"

Access Bank Plc, a leading Nigerian multinational commercial bank has announced the issuance of a 5-year Fixed Rate Senior Unsecured N15,000,000,000 Green Bond; the first ever Climate Bonds Standard fully certified corporate Green Bond to be issued in Africa.<\/p>\n

The 5-year Fixed Rate Senior Unsecured Green Bond has been awarded an Aa- rating by Agusto & Co, the underlying framework verified by PwC (UK) and the Bonds certified by the Climate Bonds Initiative as having met the global Climate Bonds Standard. The offer for the Green Bonds was achieved by way of a Book Build which was fully subscribed.<\/p>\n

The Bonds priced at a coupon of 15.5%, with participation from a wide range of asset managers and pension fund administrators.<\/p>\n

The management of Access Bank had, in anticipation of the Issuance, launched the Nigerian Green Bond Market Development Programme in June 2018, in partnership with FMDQ OTC Securities Exchange and the Securities & Exchange Commission.<\/p>\n

Access Bank supports the global climate change mitigation and adaptation agenda and seeks to promote responsible green lending globally. The Green Bond Issuance demonstrates the Bank\u2019s
\ncommitment to sustainable operational practices and being a pioneer operator, both in domestic and international capital markets, Access Bank views the global drive for responsible and sustainable green
\nfinancing as an opportunity to raise capital for the creation of assets through climate change financing.<\/p>\n

The Bank has a strong track record in deploying environmental and social risk management tools, partnering with local and international agencies to deliver a greener outcome from investing activities.<\/p>

\r\n
Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

Over the last five years, the Bank has pioneered various resource conservation programmes in water usage, energy consumption and waste recycling, aimed at reducing carbon emissions. It is worthy to
\nnote that all the Bank\u2019s sustainability efforts are well aligned with the Federal Government\u2019s Nationally Determined Contributions (NDCs), the UN Sustainable Development Goals (SDGs), the Economic Recovery and Growth Plan (ERGP) and Vision 2020:20.<\/p>\n

The quality of the Bank\u2019s contributions to sustainable financial practices is also evident in the increasing local and international awards and accolades received, which include – Karlsruhe Sustainable Finance
\nAward for Outstanding Business Sustainability & Outstanding Sustainability Leader (2018); Euromoney Award for Africa\u2019s Best Bank for Corporate Social Responsibility (2018); Global Finance Awards for Most Sustainable Bank in Nigeria (2018) and Central Bank of Nigeria Sustainability Award(s) for Sustainable Bank of the Year (2017).<\/p>\n

Speaking on this landmark Issue, the Bank\u2019s Group Managing Director, Mr. Herbert Wigwe said: \u201cWith our pace-setting experience in the mainstreaming of sustainability in our business operations,
\nwe are confident that this issue with further help in supporting environmentally friendly investors to meet their investment objectives whilst simultaneously supporting the Bank\u2019s customer towards
\nrealizing growth opportunities in fast-developing low carbon economy\u201d
\nThe new funding will be directed towards financing new loans and refinancing existing loans in accordance with the Bank\u2019s Green Bond Framework, and support projects directed at Flood Defense,
\nSolar Generation facilities and Agriculture.<\/p>\n

Chapel Hill Denham was the Lead Issuing House on the Green Bond Issuance, whilst the Joint Issuing House was Coronation Merchant Bank.<\/p>\n","protected":false},"excerpt":{"rendered":"

Access Bank Plc, a leading Nigerian multinational commercial bank has announced the issuance of a 5-year Fixed Rate Senior Unsecured N15,000,000,000 Green Bond; the first ever Climate Bonds <\/p>\n","protected":false},"author":6,"featured_media":8280,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,1593,17],"tags":[793],"coauthors":[2391],"class_list":["post-30635","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-metro","category-news","tag-access-bank"],"yoast_head":"\nAccess Bank Plc Holds Signing Ceremony For N15 Billion Green Bond Issuance - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/access-bank-plc-holds-signing-ceremony-for-n15-billion-green-bond-issuance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Access Bank Plc Holds Signing Ceremony For N15 Billion Green Bond Issuance - National Wire\" \/>\n<meta property=\"og:description\" content=\"Access Bank Plc, a leading Nigerian multinational commercial bank has announced the issuance of a 5-year Fixed Rate Senior Unsecured N15,000,000,000 Green Bond; 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